32616
Gainesville, Florida
Gainesville 32616 is stable.
The 32616 ZIP code in Gainesville, Florida has a median sale price of $172K, down -35.1% year-over-year. Homes spend an average of 86 days on market, with 100% of homes selling above list price.
Folio's PropIQ™ score of 75 signals Neutral Watch conditions. This market is holding steady. Monitor inventory shifts before committing.
ZIP code 32616 in Gainesville presents a contracting market with a median sale price of $172,000, down 35.1% year-over-year as of February 2026. Despite this significant price compression, properties are averaging 86 days on market and remarkably, 100% of sold homes closed above their list price. This contradiction suggests selective buyer activity concentrated on well-priced inventory, while broader market velocity has slowed considerably from prior periods.
The current conditions favor cash buyers and investors with hold capacity who can absorb the 86-day marketing period. Sellers face a binary outcome: properties priced correctly receive above-ask offers, while overpriced listings likely account for extended days on market. First-time buyers benefit from the $172,000 median and 35.1% year-over-year decline, though the three-month selling timeline requires financial stability. Speculative flippers should avoid this environment given the negative price trajectory.
The PropIQ score of 75 signals neutral conditions with downside risk requiring monitoring. The 35.1% annual decline has not yet stabilized, making the 100% above-list metric potentially misleading if based on a small sample of aggressively priced homes. Watch for inventory accumulation beyond current levels and whether days on market extends past 90, which would confirm further price discovery ahead. Buyers should wait for days-on-market stabilization before assuming the correction has completed.
What is the median home price in 32616 Gainesville?
The median sale price in 32616 is $172K, down -35.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Gainesville 32616?
Homes in 32616 Gainesville spend an average of 86 days on market before going under contract.
Is Gainesville 32616 a good place to invest in real estate?
Folio's PropIQ™ score for 32616 is 75/100 — a Neutral Watch signal. 100% of homes sold above asking.
What does a PropIQ™ score of 75 mean for 32616?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 75 = Neutral Watch in 32616 Gainesville, Florida.